Forex news and forecasts archive for 2002-11-12

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12/11/2002 08:09 Good morning!

12/11/2002 08:20 Global Calendar for Tuesday Nov. 12 and Wednesday Nov. 13

12/11/2002 08:20 NIKKEI 225 INDEX CLOSES MORNING DOWN 10.62 PTS AT 8,449.75

12/11/2002 08:21 HANG SENG INDEX CLOSES MORNING UP 53.02 PTS AT 9,633.90

12/11/2002 08:25 Forex - Dollar/yen stable in late morning Tokyo amid intervention fears

12/11/2002 08:29 ALL ORDS CLOSES UP 5.5 PTS AT 2,942.9

12/11/2002 08:44 Forex - Dollar rebounds mildly in midafternoon Tokyo on intervention fears

12/11/2002 09:02 NIKKEI 225 INDEX CLOSES UP 4.40 PTS AT 8,464.77

12/11/2002 09:31 PRESS:EU COMMISSION SEES GERMANY 2002 & 2003 DEFICITS OVER 3%

12/11/2002 09:48 Saddam to Have Final Say on U.N. Resolution

12/11/2002 09:51 Oil price jumps as Iraq says "No"

12/11/2002 09:57 ECB Issing Says Inflation May Slow, Signals Rate Cut (Update1)

12/11/2002 09:59 GERMANY SEP TRADE SURPLUS E10.9 BN; SEP01 SURPLUS E7.1 BN

12/11/2002 10:00 GERMANY SEP EXPORTS E55.0BN, +10.9% Y/Y;IMPORTS E44.1BN, +3.6%

12/11/2002 10:01 GERMANY OCT WPI -0.2% M/M, +0.9% Y/Y; SEP +0.3% Y/Y

12/11/2002 10:03 GERMAN SEPT CURRENT ACCOUNT SURPLUS 7.0 BLN EUR VS 0.5 BLN YR EARLIER

12/11/2002 10:04 CORRECT: GERMANY OCT WPI: ENERGY +1.2% M/M, SEAS. FOODS -4.9%

12/11/2002 10:06 Shiokawa Says Japan May Act on `Unnatural' Yen Gains

12/11/2002 10:15 UK MEDIAN FORECAST: OCT RPI UP 0.1% M/M; UP 2.0% Y/Y

12/11/2002 10:16 UK MEDIAN FORECAST: OCT RPIY UNCH. M/M; UP 2.1% Y/Y

12/11/2002 10:17 UK MEDIAN FORECAST: OCT RPIX UP 0.1% M/M; UP 2.2% Y/Y

12/11/2002 11:01 DAX OPENS 1.92 POINTS LOWER AT 3,040.14

12/11/2002 11:02 CAC-40 INDEX OPENS 10.36 PTS LOWER AT 3,042.84

12/11/2002 11:13 HANG SENG INDEX CLOSES UP 32.96 PTS 9,613.84

12/11/2002 11:44 US' HUBBARD SAYS FED RATE CUT 'GOOD NEWS FOR ECONOMY'

12/11/2002 11:45 US HUBBARD:GLOBAL CBANKS NEED TO WATCH DEFL. RISKS, LIKE FED

12/11/2002 11:46 US' HUBBARD SAYS EUROPE, JAPAN SHOULD TAKE STEPS TO STIMULATE GROWTH

12/11/2002 11:47 US HUBBARD SEES US 4Q GDP WON'T BE AS STRONG AS 3Q GDP

12/11/2002 11:47 US HUBBARD EXPECTS US 2003 GDP TO BE +3% OR ABOVE

12/11/2002 11:48 US HUBBARD: JAPAN NEEDS A MORE EXPANSIONARY MONETARY POLICY

12/11/2002 11:49 US HUBBARD:LATEST FED CUT SHLD ADVANCE INVEST. UPTURN TIMING

12/11/2002 11:51 US HUBBARD SEES NO US INFLATIONARY PRESSURES ON THE HORIZON

12/11/2002 11:53 HUBBARD SAYS EUROPE SHOULD FOCUS ON SPENDING RESTRAINT MORE THAN DEFICITS

12/11/2002 11:58 DUTCH SEPT RETAIL SALES UP 0.5 PCT YR-ON-YR

12/11/2002 11:59 US'S HUBBAD: EUROPE SHOULD FOCUS LESS ON DEFICIT, MORE ON GDP

12/11/2002 12:07 IEA: DESPITE RECENT PRICE DECLINE, OIL MKT IMBALANCES REMAIN

12/11/2002 12:09 IEA:CRUDE OIL DEMAND DROPPED IN OCT, WHILE PRODUCT DEMAND ROSE

12/11/2002 12:11 IEA: CRUDE OIL, OIL PRODUCT STOCKS LOW HEADING INTO WINTER

12/11/2002 12:12 IEA: WORLD OIL SUPPLY SURGED 1.25 MBD IN OCT, OPEC +0.8 MBD

12/11/2002 12:18 ITALY BANKS ASSN CUTS ITALY 2002 GDP FCAST TO 0.5% FROM 1.4%

12/11/2002 12:19 ITALY BANKS ASSN CUTS EMU 2002 GDP FCAST TO 0.8% FROM 1.4%

12/11/2002 12:20 ITALY BANKS ASSOCIATION EXPECTS NEXT ECB MOVE TO BE A HIKE

12/11/2002 12:23 ITALY BANKS ASSN CUTS ITALY 2003 GDP FCAST TO 1.8% FROM 2.4%

12/11/2002 12:24 ITALY BANKS ASSOCIATION SEES ECB REFI AT 3.75% AT END OF 2003

12/11/2002 12:25 ITALY BANKS ASSN CUTS EMU 2003 GDP FCAST TO 2.0% FROM 2.7%

12/11/2002 12:30 UK OCT RPIX UP 0.1% M/M; UP 2.3% Y/Y VS SEP +2.1% Y/Y

12/11/2002 12:31 UK OCT RPI HOUSE-GDS -0.9% M, +0.3% Y;CLOTHING -0.5% M,-4.4% Y

12/11/2002 12:32 UK OCT RPI ALL GOODS DN 0.7% Y/Y; ALL SERVICES UP 4.8% Y/Y

12/11/2002 12:33 UK OCT RPI UP 0.2% M/M; UP 2.1% Y/Y VS SEP +1.7% Y/Y

12/11/2002 12:34 UK OCT RPI HOUSING +0.6% M,+5.0% Y;FUEL/LIGHT +0.2% M, +3.3% Y

12/11/2002 12:36 UK OCTOBER HICP UP 1.4 PCT YR-ON-YR, UP FROM 1.0 PCT IN SEPT

12/11/2002 12:38 GERMANY DIW HEAD CALLS FOR 100 BP ECB RATE CUT IN NEXT 3 MNTHS

12/11/2002 12:41 British Pound May Gain vs Dollar as Higher Rates Boost Demand

12/11/2002 14:39 Forex - Yen firms further in late morning London despite verbal intervention

12/11/2002 15:24 DJIA DEC FUTURES CONTRACT UP 52.00 AT 8,407.00 AT 7.22 AM

12/11/2002 15:25 NASDAQ 100 DEC FUTURES CONTRACT UP 3.50 AT 984.00 AT 7.23 AM

12/11/2002 15:26 S&P 500 DEC FUTURES CONTRACT UP 4.90 AT 882.70 AT 7.24 AM

12/11/2002 15:37 Euro holds US1.01 as Wall St falls again

12/11/2002 15:38 Housing costs lift British inflation

12/11/2002 15:45 US BTM-UBSW SAME-STORE SALES +0.5% IN NOV09 WK VS PRIOR WK

12/11/2002 15:46 US BTM-UBSW SAME-STORE SALES +2.7% IN NOV09 WK VS YR-AGO

12/11/2002 16:36 France's Mer says 2.5 pct GDP growth in 2003 depends on Iraq solution

12/11/2002 16:55 US REDBOOK NOV STORE SALES +0.9% VS OCT, THRU NOV 09 WK

12/11/2002 16:55 US REDBOOK: NOVEMBER 2002 STORE SALES +1.0% VS NOVEMBER 2001

12/11/2002 16:55 US REDBOOK:STORE SALES +1.0% IN WK ENDED NOV 09 VS YR-AGO WK

12/11/2002 16:55 US REDBOOK: LOWER TEMPERATURES LIFTED SEASONAL DEMAND NOV 9 WK

12/11/2002 16:59 ZEW:NOV GERMANY EXPECTATIONS INDEX FALLS 19.2 POINTS TO +4.2

12/11/2002 16:59 ZEW: GERMANY EXPECTATIONS NOW SIGNAL 'ECONOMIC DIVE' IN 1H03

12/11/2002 17:00 ZEW GERMANY EXPECTATIONS BELOW ALL FORECASTS; MEDIAN +16.0

12/11/2002 17:00 ZEW: NOV GERMANY EXPECTATIONS LOWEST SINCE JULY 2001 (-1.9)

12/11/2002 17:00 ZEW:GERMANY EXPECTATIONS NOW SHOW 'HEIGHTENED RECESSION RISK'

12/11/2002 17:00 ZEW: NOV GERMANY CURRENT CONDITIONS FALL 3.6 POINTS TO -94.1

12/11/2002 17:00 ECB: FOREX RESERVES ROSE E0.3 BN TO E32.6 BN WK ENDED 8NOV

12/11/2002 17:04 CORRECT:ECB FX RESERVES +E0.6 BN TO E241.3 BLN WK ENDED NOV8

12/11/2002 17:43 FERGUSON: WEAK GROWTH ABROAD HAS HURT U.S. EXPORTS

12/11/2002 17:44 FERGUSON: 'WILL NEED TO REMAIN WATCHFUL' FOR MORE WEAK SIGNS

12/11/2002 17:46 FERGUSON: DON'T THINK FED IN DANGER OF HITTING ZERO RATE BOUND

12/11/2002 17:47 FERGUSON:RECENT PRODUCTION,SPNDING SIGNS'BECOME MORE DOWNBEAT'

12/11/2002 17:49 FERGUGON:JOB MKT'NOT YET MATERIALLY IMPROVED';HURTS CONSMPTION

12/11/2002 17:51 FED'S FERGUSON EXPECTS US 'WILL PULL OUT OF THIS PERIOD OF WEAKNESS'

12/11/2002 17:51 FED'S FERGUSON -'PIECES ARE IN PLACE' FOR GRADUAL STRENGTHENING OF US ECONOMY

12/11/2002 17:53 FERGUSON: CREDIT AVAILABLE FOR HIGHER QUALITY BORROWERS

12/11/2002 17:54 FED'S FERGUSON SEES ONLY 'REMOTE' RISK OF GENERAL DEFLATION

12/11/2002 17:55 FERGUSON: MAIN REASON FOR WEAK BIZ BORROWING LACK OF DEMAND

12/11/2002 17:56 FERGUSON- FED WOULD TAKE 'PREEMPTIVE AND AGGRESSIVE' STEPS AGAINST DEFLATION

12/11/2002 17:58 FERGUSON- NO 'IMMINENT DANGER' OF FED RUNNING OUT OF ROOM TO CUT RATES

12/11/2002 18:01 US RICHMOND FED: OCT MFG SHIPMENTS INDEX 6 VS SEPT -12

12/11/2002 18:01 US RICHMOND FED: OCT MFG NEW ORDERS INDEX -6 VS SEPT -15

12/11/2002 18:01 US RICHMOND FED: OCT MFG PRICES PAID INDEX 0.54 VS SEPT 0.81

12/11/2002 18:01 US RICHMOND FED: OCT SVC-SECTOR REVENUES INDEX -27 V SEPT 10

12/11/2002 18:01 US RICHMOND FED: OCT RETL SALE REVENUES INDEX -35 VS SEPT -3

12/11/2002 18:07 US RICHMOND FED: OCT RETL SALE REVENUES INDEX -35 VS SEPT -3

12/11/2002 18:08 DUISENBERG:EUROZONE INFL LIKELY TO STAY JUST OVER 2% IN 2002

12/11/2002 18:08 DUISENBERG:EUROZONE INFL COULD RISE SLIGHTLY AT TURN OF YEAR

12/11/2002 18:10 DUISENBERG:EUROZONE INFLATION SHOULD GO LOWER IN 2003

12/11/2002 18:20 DUISENBERG IN MEXICO:STRUCT.REFORMS WLD BOOST GRWTH POTENTIAL

12/11/2002 18:21 DUISENBERG:REFORM IN LABOR,GOODS WLD IMPROVE ECON RESILIENCE

12/11/2002 18:51 DJIA UP 109.10 AT 8,468.05 AT 10.53 AM

12/11/2002 18:52 NASDAQ COMPOSITE UP 32.79 AT 1,351.98 AT 10.53 AM

12/11/2002 18:53 US TSY'S O'NEILL:ECONOMY SEEING 'GREAT UNEVENNESS'

12/11/2002 18:54 US TSY'S O'NEILL:EX-INVENTORIES US SEES CONT. 3% GRWTH THIS YR

12/11/2002 18:56 US'S O'NEILL:REPEATS RE IRAQ SPEND,CAN'T PUT PRICE ON FREEDOM

12/11/2002 18:59 US'S O'NEILL:NOT ALL ECON SECTORS NEED OR CAN USE STIMULUS

12/11/2002 19:00 US KANSAS CITY FED PRICES PAID INDEX 9 OCT VS 16 SEPT

12/11/2002 19:01 US KANSAS CITY FED MFG PRODUCTION INDEX 13 OCT VS 3 SEPT

12/11/2002 19:02 US KANSAS CITY FED EMPLOYMENT INDEX -9 OCT VS -5 SEPT

12/11/2002 19:03 US'S O'NEILL:WON'T COMMENT ON FISCAL STIMULUS RECOMMENDATIONS

12/11/2002 19:09 US'S O'NEILL:IMF/WB SHOULD BE PATH TO HIGHER LIVING STANDARDS

12/11/2002 19:31 FED'S FERGUSON:LAST WK EASE AIMED AT KEEPING RECOVERY ON TRACK

12/11/2002 19:31 FERGUSON: BEST FED CAN DO IS CREATE CONDITIONS FOR MAX GROWTH

12/11/2002 19:31 FERGUSON:EASE TO AVOID ECON BEING DERAILED BY RECENT SOFT SPOT

12/11/2002 19:31 FERGUSON: MON POL CAN'T ADDRESS ECON DISPARITIES OF DIFF GROUPS

12/11/2002 20:59 BIES: FED GOALS 'SUSTAINABLE ECON GROWTH AND PRICE STABILITY'

12/11/2002 20:59 BIES: CORP SCANDALS HURT INVESTOR CONFIDENCE, STOCK PRICES

12/11/2002 21:00 FED'S BIES:FED'REMAINS VIGILANT,' READY TO ACT TO MEET GOALS

12/11/2002 21:00 BIES: LEAN INVENTORIES GIVE 'CONSIDERABLE SCOPE FOR PICKUP'

12/11/2002 21:00 SANTOMERO: US ECONOMY LOST MOMENTUM IN 'LAST SEVERAL WEEKS'

12/11/2002 21:00 BIES: BUS INVENT 'HAS AT LEAST SEEMED TO STABILIZE' BUT'TEPID'

12/11/2002 21:00 SANTOMERO:EXPECTS GROWTH IN INVEST SPENDING TO PICK UP IN 2003

12/11/2002 21:00 BIES: BUT ECON FEELING 'LINGERING EFFECTS' OF 'ADVERSE SHOCKS'

12/11/2002 21:00 SANTOMERO:FED RATE CUT TO ENSURE RECOVERY, SUSTAINED EXPANSION

12/11/2002 21:01 SANTOMERO: CONSUMER, BUSINESS CONFIDENCE HURT BY THREAT OF WAR

12/11/2002 21:09 SANTOMERO:ECON HELD BACK BY BIZ UNCERTAINTY OVER DEMAND GROWTH

12/11/2002 21:09 SANTOMERO:FED POLICY 'ALREADY QUITE EXPANSIONARY'AT NOV 6 MEET

12/11/2002 21:10 FED'S OLSON:US BNKING INDUSTRY HAS WITHSTOOD ECON WEAKNESS

12/11/2002 21:10 FED'S OLSON:BNKING INDUSTRY CAN'T AFFORD TO BECOME COMPLACENT

12/11/2002 21:10 FED'S OLSON:BNKING REGULATORS SHOULD REVISIT ASSUMPTIONS OFTEN

12/11/2002 21:15 FED'S SANTOMERO: SEES ECON REBOUND TO 3%-4% GDP 2003 FORWARD

12/11/2002 21:16 SANTOMERO: RATE CUT MEANS ECON RISKS NO LONGER TO THE DOWNSIDE

12/11/2002 21:16 SANTOMERO:EXPECTS GROWTH IN INVEST SPENDING TO PICK UP IN 2003

12/11/2002 21:16 SANTOMERO: US ECONOMY LOST MOMENTUM IN 'LAST SEVERAL WEEKS'

12/11/2002 21:16 SANTOMERO:SEES 'EARLY SIGNS' OF REVIVAL IN BUSINESS SPENDING

12/11/2002 21:16 SANTOMERO:ECON HELD BACK BY BIZ UNCERTAINTY OVER DEMAND GROWTH

12/11/2002 21:17 SANTOMERO:GUARDEDLY OPTIMISTIC ABOUT GROWTH;FUNDAMENTALS SOUND

12/11/2002 21:17 PLS DISREGARD REPEATED HEADLINES FROM FED'S SANTOMERO

12/11/2002 22:02 FED'S SANTOMERO Q&A:WOULD LIKE TO SEE STRONGER EU, UK GROWTH

12/11/2002 22:02 SANTOMERO Q&A:US ECON HAS LONG-RUN POTENTIAL RATE OF 3% TO 4%

12/11/2002 22:02 SANTOMERO:CORP MALFEASANCE'NOT ENDEMIC' TO US ECONOMY

12/11/2002 22:05 SANTOMERO:NEED AT LEAST 100K JOB GROWTH PER MO TO CUT UNEMPLOY

12/11/2002 22:06 SANTOMERO:'NOT CONCERNED'THAT FED RUNNING OUT OF ROOM TO EASE

12/11/2002 22:13 BOC'S KNIGHT: FUTURE OF CANADA DLR NOT LIKELY TO BE LIKE PAST

12/11/2002 22:13 BOC'S KNIGHT: CANADA INTERNAL & EXTERNAL DEBT/GDP DECLINING